NOT LISTED FOR SALE

717 Sibley Blvd Calumet City, IL 60409

Estimated Value: $201,000 - $238,000

5 Beds
2 Baths
1,436 Sq Ft
$148/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $282,000 $196 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $1,374/month

5 Days on Market

Highlights

  • First Floor Utility Room
  • Patio
  • Paved or Partially Paved Lot
  • 2.5 Car Detached Garage
  • Two Heating Systems
  • Senior Tax Exemptions

About This Home

As of December 2023

***Multiple offers received, highest and best due by 9am Tuesday 11/14, decision will be communicated to all parties by 5pm same day.*** Are you looking for an outstanding investment or house-hack opportunity? Look no further! Welcome to 717 Sibley Blvd, a newly renovated brick 2-flat with 2-car garage and excellent income potential. Upper level/2nd floor owner's unit with 3 spacious bedrooms and upgraded finishes including 42" cabinets and solid hardwood floors. Lower level/1st floor is 2 bedrooms and 1 bathroom. Common area laundry/utility room, concrete patio, off-alley driveway and big 2.5-car garage. Fully-permitted rehab with no corners cut and final city inspection passed. Both kitchens & baths were gutted & brand new, full stainless steel appliance packages in both units, all new doors and trim, and refinished solid hardwood or new vinyl plank flooring. All new windows, updated plumbing, electrical and HVAC systems, plus a new driveway! The property line extends roughly 14' past the walkway on the east side of the building, so some yard space is included too. Convenient location is just around the corner from Wentworth School, steps from Pace bus stop @ Mackinaw/Sibley, and 2 miles to either South Shore Metra @ Hegewisch OR I-94 @ Sibley! Separate gas & electric meters, projected rents are $1,400/mo and $1,800/mo.

Last Agent to Sell the Property

Alex Fenske

Keller Williams Preferred Rlty License #475128785 Listed on: 11/08/2023

Keller Williams Preferred Rlty

Last Buyer's Agent

Miriam Holland

Payes Real Estate Group License #475162036

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,452

Year Built

  • Built in 1969 | Remodeled in 2023

Lot Details

  • 2,614 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Additional Parcels

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Wentworth Intermediate School
  • Wentworth Junior High School
  • Thornton Fractnl No High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • First Floor Utility Room
  • Patio

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units
  • Ford Calumet Highlands Subdivision

Building Details

  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,452

Year Built

Built in 1969 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Ford Calumet Highlands
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 269900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Off Alley, Driveway
  • ParkingTotal: 4.5
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: Wentworth Intermediate School
  • High School: Thornton Fractnl No High School
  • Middle/Junior School: Wentworth Junior High School
  • Middle/Junior School District: 155

Lot Info

  • Additional Parcels Description: 30074050040000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.06
  • Lot Dimensions: 3000
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 38400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 1451.78
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Dec 1, 2023
Sold by
Lakewood Redevelopment Llc
Bought by
Greene Shane
Seller's Agent
Alex Fenske
Keller Williams Preferred Rlty
Buyer's Agent
Miriam Holland
Payes Real Estate Group
List Price
$269,900
Sold Price
$282,000
Premium/Discount to List
$12,100
4.48%
Views
66
Current Estimated Value
$213,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,758
Avg. Annual Appreciation
-15.55%
Original Mortgage
$276,892
Outstanding Balance
$273,191
Interest Rate
7.13%
Mortgage Type
FHA
Estimated Equity
-$63,752

Purchase Details

Closed on
Mar 2, 2018
Sold by
Davis Bruce D and Davis Bruce D
Bought by
Chicago Title Land Trust Company and Trust Number 8002377276

Purchase Details

Closed on
Jul 16, 2002
Sold by
Chapman Lori
Bought by
Davis Bruce D and Davis Bruce D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,074
Interest Rate
6.79%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Greene Shane $282,000 Fidelity National Title
Chicago Title Land Trust Company -- Chicago Title Land Trust Com
Davis Bruce D $167,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greene Shane $276,892
Previous Owner Davis Bruce D $164,074
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $282,000 +4.5% $196 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $269,900 -- $188 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,910 $7,500 $1,200 $6,300
2023 $726 $7,500 $1,200 $6,300
2022 $726 $3,980 $1,050 $2,930
2021 $761 $3,979 $1,050 $2,929
2020 $863 $3,979 $1,050 $2,929
2019 $1,794 $5,434 $975 $4,459
2018 $4,067 $5,434 $975 $4,459
2017 $3,930 $5,434 $975 $4,459
2016 $3,506 $5,292 $900 $4,392
2015 $2,590 $5,292 $900 $4,392
2014 $2,840 $5,292 $900 $4,392
2013 $2,654 $5,898 $900 $4,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11897501

Midwest Real Estate Data (MRED)

APN: 30-07-405-004-0000